The law (A4111) allows people, age 21 and over, to place sports bets over the internet or in person at New Jersey's casinos, racetracks, and former racetracks. In 2018, Governor Phil Murphy signed a law that authorized legal sports betting in New Jersey. Just remember that your good fortune includes a responsibility to pay taxes and fees on those winnings. Winning the Lottery or scoring on a sports wager can change your life in profound ways. A week after Delaware rolled out legal sports betting, New Jersey now also has. If you win more than $5,000 from gambling, the payer (i.e., the casino) generally will withhold 24 percent for taxes.
New Jersey Adds Additional 1.25% Tax on Sports Betting Revenue Less than five months after New Jersey won the Supreme Court battle that allowed its casinos to offer sports betting, taxes are going up.
